Wes, a Neighbour of Stan, Wished to Borrow a Sum

question 30

True/False

Wes, a neighbour of Stan, wished to borrow a sum of money from a local bank. Stan was quite wealthy, but elderly, with very poor eyesight. He frequently requested Wes to read his newspaper to him when Wes would drop by for a visit, because reading bothered his eyes. One evening, Wes placed a paper before Stan, and explained to him that he wished to borrow a sum of money but required a letter of reference before the bank would make the loan. He requested Stan to sign the paper to satisfy this requirement. Stan trusted his friend Wes and signed the paper at his request without reading it. Unknown to Stan, the paper was a guarantee of Wes's indebtedness, and not a letter of reference. Wes later defaulted on his debt. If Wes had told Stan that the paper was a guarantee for $1,500 when it was in fact for $2,000, Stan could still successfully plead non est factum as a defence.

---

Definitions:

Destinations

The end points or locations to which goods, services, information, or individuals are directed or delivered.

Sources

Origins or points of derivation, often referenced in research to identify where information, data, or ideas were obtained.

Optimal Solution

The best possible outcome or decision, often in the context of mathematical models or allocation problems.

Origins

The starting point, source, or initial stage of something; often refers to the beginning or cause of a particular phenomenon or object.